§831. Fire, marine, transportation, casualty, surety, or other insurance
A.
(1)Upon the business of issuing policies, contracts, or other forms of obligations
covering the risk of fire, marine, transportation, surety, fidelity, indemnity, guaranty, workers'
compensation, employers' liability, property damages, livestock, vehicle, automatic sprinkler,
burglary, or insurance of any other kind whatsoever in this state not otherwise provided for
in this Part, the minimum annual tax shall be one hundred eighty-five dollars when the gross
annual premiums shall be six thousand dollars or less; and when the gross annual premiums
shall be more than six thousand dollars, the amount of tax payable shall be increased to three
hundred dollars for each additional ten thousand dollars, or fraction thereo
Free access — add to your briefcase to read the full text and ask questions with AI
§831. Fire, marine, transportation, casualty, surety, or other insurance
A.(1) Upon the business of issuing policies, contracts, or other forms of obligations
covering the risk of fire, marine, transportation, surety, fidelity, indemnity, guaranty, workers'
compensation, employers' liability, property damages, livestock, vehicle, automatic sprinkler,
burglary, or insurance of any other kind whatsoever in this state not otherwise provided for
in this Part, the minimum annual tax shall be one hundred eighty-five dollars when the gross
annual premiums shall be six thousand dollars or less; and when the gross annual premiums
shall be more than six thousand dollars, the amount of tax payable shall be increased to three
hundred dollars for each additional ten thousand dollars, or fraction thereof, of gross annual
premiums. The business of issuing each of the kinds of insurance or contracts mentioned in
this Section may be combined under one tax, and the amount of the tax shall be based on the
combined gross annual premiums of all such businesses.
(2) This tax shall be paid on a quarterly basis.
B. There is hereby created in the state treasury as a special fund the Louisiana State
Police Salary Fund, hereafter referred to in this Subsection as the "fund". Monies in the fund
shall be used in amounts appropriated by the legislature to cover the cost of salary increases
and related benefits for members of the state police service and for special law enforcement
initiatives. After allocation of money to the Bond Security and Redemption Fund as
provided in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall
deposit in and credit to the fund amounts received as follows:
(1) The avails of taxes collected under the provisions of this Section in Fiscal Year
2002-2003 and ensuing fiscal years that are in excess of total collections under the provisions
of this Section in Fiscal Year 2000-2001, until the amount deposited in each fiscal year is
equal to fifteen million six hundred thousand dollars.
(2) The first twenty-two million dollars of the avails of the excise tax levied pursuant
to R.S. 47:841(F).
NOTE: Subsection C eff. July 1, 2026. See Acts 2025, No. 79.
C. Each fiscal year, the treasurer shall deposit into the Louisiana Fortify Homes
Program Fund, established pursuant to R.S. 22:1483.1, five million dollars of the taxes
collected pursuant to this Section.
Acts 1984, 1st. Ex. Sess., No. 3, §1, eff. March 27, 1984; Acts 2002, No. 83, §1, eff.
June 30, 2002; Redesignated from R.S. 22:1065 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009;
Acts 2009, No. 503, §1; Acts 2014, No. 524, §3; Acts 2023, No. 414, §1, eff. July 1, 2023;
Acts 2025, No. 79, §1, eff. July 1, 2026.